Press releases

L&G bolsters infrastructure team with new hire

LGIM Infrastructure announces that it has appointed Erik Westermark as Senior Investment Associate as part of its ambitious growth plans in the sector, representing the significant demand from internal and external clients to invest across all key infrastructure sectors.

Reporting directly to Silja Turville, Head of LGIM Infrastructure, Erik brings the infrastructure team to six strong. LGIM Infrastructure forms part of the Real Assets division of Legal & General Investment Management (LGIM Real Assets) and benefits from its own in house credit rating team, research team and legal support with the ability to leverage from the wider Legal & General platform, accessing a wider team of 90 related specialists. The depth of in house expertise has helped the team structure the transactions it has financed.

Erik joins with strong experience in the sector, having worked at Citi Global Markets and mostly recently at Lloyds Bank focusing on infrastructure, energy and acquisition finance.  

LGIM Infrastructure was established in 2012. Initially dedicated to LGIM’s internal capital base, the business has since also opened up its expertise to external clients. Last year, L&G’s direct investment capabilities in property and infrastructure were brought together as a single business (LGIM Real Assets) for the very first time, allowing the team to capitalise on cross-sector synergies and leverage its sector specialist in-house resources.

The Infrastructure division has concluded 18 deals to date, the majority debt investments, but benefits from access to significant equity appetite.  Active in all key infrastructure sectors, it has already invested in transport, renewable energy, communication networks and PPP and PFI schemes.

Silja Turville, Head of LGIM Infrastructure, commented:  “The addition of Erik represents part of a further commitment to growing our infrastructure capability. Now with a team of six supported by the wider LGIM network, we have the ability to structure the large and complex transactions across all key infrastructure sectors, coupled with the depth of experience to actively invest in the UK, Europe and the United States.”

ENDS.

For further information, please contact:

Olivia Bayliss

Head of Communications, LGIM Real Assets

020 3124 2777

 

Faye Walters

PR Manager, LGIM Real Assets

020 3124 2823

 

About LGIM Infrastructure:

LGIM Infrastructure forms part of the Real Assets division of Legal & General Investment Management (LGIM), which also includes its real estate business, Legal & General Property (LGP) and its real estate lending arm, Commercial Lending Limited (CLL). 

One of Europe’s largest institutional asset managers and a major global investor, LGIM manages approximately £717bn in assets on behalf of over 3,100 clients and provides products and solutions spanning all asset classes.

The Infrastructure division has concluded 18 investment deals to date.  Active in all key infrastructure sectors, it has already invested in transport, renewable energy, communication networks and PPP and PFI schemes.

 

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